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Arawak port bulks up as autos fall off
A 59,000 ton increase in bulk aggregate imports, combined with a $109,000 year-over-year expenses decline, enabled the Arawak Cay port’s operator to beat profit targets by nine percent.
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Colina suffers 26% profit drop in 2018
Colina Holdings (Bahamas) suffered a 26 percent year-over-year net income decline in 2018 as a result of increased policyholder claims, it revealed last night.
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Tourism must ‘continuously up its game’, minister urges
A Cabinet minister has called on the Bahamian tourism industry to “continuously up its game” following its record-breaking visitor arrivals performance in 2018.
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Marinas eye 50% boater rise in '18
Bahamian marinas believe 2018 could produce a 50 percent year-over-year increase in visiting boaters as the country moves to generate further interest in this sector.“In 2018, the Ministry of Tourism and Aviation saw boating numbers double in some is
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Insurer shakes-off ‘three-year hangover’ on 22% claims fall
A Bahamian insurer has begun to shake-off its “three-year hangover” from Hurricane Matthew after 2018 claims came in 22 percent below its own projections.
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Bahamas in ‘battle’ to save financial services
THE BAHAMAS is in a “battle” to save its financial services industry, the Deputy Prime Minister said yesterday, expressing optimism that legislation tabled yesterday will avert any further “blacklistings”.
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Nassau ‘first callers’ drop 40k in 2018
Cruise passenger arrivals to Nassau as a “first port of entry” fell by more than 40,000 persons in 2018, it was revealed yesterday, just as Cabinet was debating who should get the port deal.
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It was much safer in 2018 than it was in 2017, says Ferguson
OVERALL crime across the country decreased by eight percent last year when compared to 2017, with murders dropping 25 percent, Commissioner of Police Anthony Ferguson said yesterday.
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Hotels eliminate ‘cannibalisation’ fears in 2018
The Bahamian hotel industry’s strong 2018 performance has eliminated “genuine fears” that Baha Mar’s full opening would “cannibalise” the market, a Cabinet minister argued yesterday.
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Deficit overshoots DPM’s final prediction by $105m
The Government’s 2017-2018 fiscal deficit overshot the deputy prime minister’s year-end forecast by $105m due to a late spending “ramp up”, a top official admitted yesterday.
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Bain Jr selected for 2018 Class ofthe Howard University Hall of Fame
ARNOLD F Bain Jr, a Bahamian who had a stellar track and field career at Howard University in the 1960s, has been selected for inclusion into “the 2018 Class of the Howard University Hall of Fame as a member of the 1968/1969 track and field team.”Bai
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Govt will 'explore options' if web shop tax talks fail
A Cabinet minister yesterday confirmed the government will “explore its options” if it is unable to persuade the four web shop hold-outs to pay due taxes via negotiation.
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Queen's College Student is 2018 All-Bahamas Merit Scholar
AARON Edgecombe has earned the coveted 2018 All-Bahamas Merit Scholarship Award.The prestigious award was bestowed on the Queen’s College graduate by Governor General Dame Marguerite Pindling and Minister of Education Jeffrey Lloyd on August 9, durin
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BAIC in $500k govt bail-out
The Bahamas Agricultural and Industrial Corporation (BAIC) has received a $500,000 taxpayer bail-out to help pay down a $3.123m debt that left it on “life support”.
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Web shop hold-outs on ‘shaky ground’
The Attorney General yesterday warned the web shop industry’s tax hold-outs they are on “very shaky ground” in failing to comply with the settlement agreed with the Government.
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BISX all-share index falls flat
The Bahamas International Securities Exchange’s (BISX) All-Share Index was flat during the 2019 first quarter, under-performing compared to indices in more developed capital markets.
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The year when we build each other up
LAST week all of the newspapers front pages were ablaze with both the commissioner of the police force Mr Anthony Ferguson and the minister of defence Mr Marvin Dames touting the success in the reduction of crime in 2018, especially the decrease in the murder rate. I might have missed it and stand to be corrected but not once did I hear them give thanks to God for the hand he had in the country’s fight against satan’s onslaught on our youth.
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$7.8m caught in payment frauds
Some $7.8m worth of payment fraud complaints were made in 2018, the Central Bank of The Bahamas has revealed, with debit cards accounting for almost 60 percent of cases.
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US State Department report: Abaco heads list for sexual violence
ABACO had the highest number of reported cases of sexual violence, according to a US State Department report, which suggested rape and domestic violence cases are often stalled in the courts.
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Family Islands enjoy ‘whopping’ 20% rise
The Ministry of Tourism believes its strategy of marketing The Bahamas as a 16-island destination helped spur a "whopping" 20 percent increase in Family Island visitors through August 2018.
